Why Information Grows: The Evolution of Order, from Atoms to Economies by César Hidalgo

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Read Why Information Grows: The Evolution of Order, from Atoms to Economies Online Free - Why do some nations prosper while others do not? Economists usually turn to measures such as gross domestic product or per capita income to answer this question, but interdisciplinary theorist Cesar Hidalgo argues that we can learn more by measuring a country’s ability to make complex products.

In Why Information Grows, Hidalgo combines the seemingly disparate fields of economic development and physics to present this new rubric for economic growth. He believes that we should investigate what makes some countries more capable than others. Complex products—from films to robots, apps to automobiles—are a physical distillation of an economy’s knowledge, a measurable embodiment of its education, infrastructure, and capability. Economic wealth accrues when applications of this knowledge turn ideas into tangible products; the more complex its products, the more economic growth a country will experience.

A radical new interpretation of global economics, Why Information Grows overturns traditional assumptions about the development of economies and the origins of wealth and takes a crucial step toward making economics less the dismal science and more the insightful one.



Title : Why Information Grows: The Evolution of Order, from Atoms to Economies
Author :
Rating :
ISBN : 0465048994
Edition Language : English
Format Type : Hardcover
Number of Pages : 256 pages


Reviews


Brian rated it ★★★☆☆

May 23, 2015

Something that is absolutely essential to understand this book, subtitled 'The evolution of order from atoms to economies', on the fascinating topic of the nature of information in the world, and its relationship with the economy, is that the author is an academic at M.I.T.’s Media Lab. When I fir...


Atila rated it ★★★★★

November 13, 2016

Leitura rápida, mas densa e cheia de novas ideias. Uma explicação breve sobre o que é informação, a diferença para significado, nada que o A Informação não tenha feito em mais detalhes. Mas é só uma introdução para a grande explicação que vem em seguida, como a informação se acumula em sistemas a...


Cesar rated it ★★★★★

May 27, 2015

Why Information Grows Chapter Summary by Cesar A. Hidalgo Why Information Grows (WIG) describes the evolution of physical order in natural, social, and economic systems. By focusing on the evolution of information WIG reduces the evolution of economies to a particular case of the evolution of physi...


Charlene rated it ★★★★★

November 16, 2016

This was unlike any economics book I have ever read because it focused on information and entropy to explain not just how matter behaves, but our economics systems as well. Even if in the end this fails to explain the evolution of our economies, it seems like exactly the right lens through which...


Santiago rated it ★★★★☆

November 30, 2015

This is a wonderful book. The way it introduces information and entropy is refreshing and clear. I don't think I ever read such an intuitive explanation of entropy, (at least a one that goes beyond entropy as disorder). It also provides an interesting and new perspectives of what economy is, and h...


Adam rated it ★★☆☆☆

August 07, 2015

tl;dr - The author loves networks. Nodes plus paths equals insight. Were I to recommend this book, I'd suggest you start with the last 'chapter' -- the acknowledgements. It frames the book as a story and helps breathe some context into a partially discontinuous collection of ideas. There are good t...


Deane rated it ★★★★☆

February 01, 2016

This is an enormously conceptual book, and is more about economics than information. The author makes the claim that the functionality and ordering of atoms (?) in physical products is information, and this grows with economies. A computer is only worth more than the plastic and chemicals its made...


Lelo rated it ★★★★★

September 04, 2016

It is not an overstatement to say that this is THE book to read if you want to learn anything about an emerging view of why and how countries grow. A key take-away for me is the importance of assessing development, not in terms of what people can buy, but instead what people can make. This knowle...


Alex rated it ★★★★☆

November 02, 2017

Interesting book and enjoyable read overall - Hidalgo cobbles together physics, biology, information theory, sociology and comes up with a unified view of economic development as an epiphenomena on top of growth of information. Cute, but terribly fuzzy on the edges, as to be expected from any uni...


Blue rated it ★★★★★

November 25, 2015

This has been the most influential book on my thinking since I read "chaos" in high school. It has filled in some gaps that were left by my education regarding the origins of life, and proceeds to use those same principles to describe a very credible intellectual framework to understand the compl...





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